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| Exchange Disseminated Time | Zee Media Corporation Ltd has informed BSE that the Board of Directors of the Company at its Meeting held on March 04, 2015 approved following terms of the proposed Rights Issue of Equity Shares by the Company:
1. Issue price : Rs. 18 per Equity Share (including premium of Rs. 17 per equity share)
2. Rights entitlement ratio : 3 (Three) fully paid Equity Shares of Re. 1 each for every 10 (Ten) fully paid Equity Shares of Re. 1 each held as on the Record Date
3. Number of Equity Shares to be offered through the Issue : Up to 108,643,732
4. Terms of payment : The full amount of Rs. 18 (including premium) is payable on application. The payment towards Equity Shares offered will be applied as under:
(a) Rs. 1 towards share capital; and
(b) Rs. 17 towards the securities premium account. |
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